Tron Price Surges Above $0.065, Bullish Trend Emerges

• Tron (TRX) price started a fresh increase from the $0.055 level against the US Dollar and is now trading above $0.06 and the 55 simple moving average (4-hours).
• There was a break above a major bearish trend line with resistance near $0.066 on the 4-hours chart that could continue to drive the price higher if it breaks past the $0.070 resistance zone.
• The next major resistance for TRX is near the $0.0700 level, and any more gains could push it towards $0.0720 or even higher towards $0.075.

Tron (TRX) Price Analysis

Tron price started a fresh increase from the $0.055 level against the US Dollar, moving into positive territory above the $0.060 zone. There was a break above a major bearish trend line with resistance near $0.066 on the 4-hours chart, allowing for further upside in TRX price if it clears past the key resistance at $0.070 area.

Technical Indicators

The MACD for TRX/USD is currently gaining momentum in bullish zone while RSI is hovering around 50 level, indicating no overbought or oversold conditions yet as of writing this article..

Key Support & Resistance Levels

The next major resistance for TRX is near the key psychological level of 0$.0700, and any more gains could push it towards 0$.0720 or even higher towards 0$.075 levels respectively . On downside , initial support can be seen around 0$.0660 followed by stronger one at 0$.0620 levels respectively .

Conclusion

Overall, Tron’s current outlook looks bullish as long as it stays above key support levels, however more gains are likely only when it breaches past 0$.070 area convincingly .